Mr Jean allegedly received a $60,000 loan from hip hop manager James Rosamond, who is currently on trial for drug charges, and Mr Sharpton was allegedly given a $10,000 donation by the suspected drug kingpin, according to thesmokinggun.com.

Testifying on Wednesday, Internal Revenue Service agent Marc Van Driessche described how federal investigators also quizzed Mr Rosamond about his relationship with Sean ‘P. Diddy’ Combs during meetings to try to strike a cooperation agreement.

On October 4, during the first of nine grilling sessions, Mr Rosemond was asked about Mr Combs, also known as Puff Daddy, because ‘we had information through other witnesses that the defendant many have made an admission to Sean Combs,’ Mr Van Driessche said.